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5 Things to Know Today — Saturday, June 27, 2026

  Your fast briefing on what's moving Canadian money this weekend. 1 Inflation Is Back Above 3% — And Groceries Aren't Helping Canada's annual inflation rate climbed to 3.2% in May , its highest reading since December 2023, beating analyst expectations of 3.0%. The main culprit was gasoline, where prices surged 33.2% year over year as Middle East supply disruptions continued to ripple through Canadian pumps. Grocery shoppers felt it too: food purchased at stores rose 4.3% annually, with fresh vegetables up 9% and tomatoes spiking a staggering 45.2% — a direct result of poor weather and reduced planting in Mexico following U.S. tariff uncertainty. The silver lining is that shelter inflation continued to ease, sitting at just 1.7%, and economists expect May to mark the peak for headline inflation this year as oil prices have since moderated. Source: Statistics Canada, June 22, 2026 2 Bank of Canada Holds at 2.25% — Fifth Pause in a Row On June 10, the Bank of Canada kept its ...
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Hezbollah Fires Rockets into Israel as Blinken Arrives for Ceasefire Talks

Hezbollah launched a series of rockets into Israel early Tuesday morning, targeting key military bases near Tel Aviv and a naval base west of Haifa. This escalation comes amid heightened tensions and ongoing Israeli strikes on southern Lebanon and Beirut’s southern suburbs.

The rocket attacks occurred just hours before U.S. Secretary of State Antony Blinken landed in Israel. Blinken’s visit aims to push for a ceasefire in the conflict, which has seen significant casualties and destruction on both sides. Despite these diplomatic efforts, achieving an immediate resolution remains challenging due to deep-seated divisions between the parties involved..

As the situation develops, the international community continues to call for restraint and a peaceful resolution to the conflict.


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